Rovi Corporation (NASDAQ:ROVI) Q4 2015 Earnings Conference Call - Final Transcript

Feb 11, 2016 • 05:00 pm ET


Rovi Corporation (NASDAQ:ROVI) Q4 2015 Earnings Conference Call - Final Transcript


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Good afternoon. My name is Connor, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rovi Corporation 2015 Fourth Quarter and Year-End Results Conference Call. All lines have been placed on mute to prevent any background noise. At the end of the call, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn call over to Peter Ausnit, Vice President of Investor Relations.

Peter Ausnit

Operator, thank you. Good afternoon, everyone and thank you for joining our call. I'm Peter Ausnit, Rovi's Vice President of Investor Relations. Today I am joined by Tom Carson, our President and CEO; and Peter Halt, our Chief Financial Officer. Additionally, John Burke, our COO and EVP; and Samir Armaly, our EVP of Intellectual Property and Licensing will be available during Q&A.

During this conference call, we will be making forward-looking statements, including statements regarding Rovi's future and its estimates of future revenues, expenses, and earnings, as well as possible outcomes and timing of contract negotiations, litigation, business strategies, deployment plans, and product plans. These forward-looking statements are subject to risks and uncertainties that may cause actual results to vary materially from today's forward-looking statements.

Some of the factors that could cause actual results to differ materially from these forward-looking statements are described in Rovi's Form 10-K for the year ended December 31, 2015, and other SEC reports and filings made from time to time and we encourage you to review the discussion of these factors in those reports and filings. All statements are made as of today, February 11, 2016, based upon information available to us as of today. And except as required by law we assume no obligation to update any such statements.

This presentation includes non-GAAP financial measures. This presentation is not intended to be a substitute for Rovi's financial results presented in conformity with generally accepted accounting principles in the United States and investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures included in our earnings release.

The most directly comparable GAAP information and reconciliation between non-GAAP and GAAP figures are included in the Q4 and full year 2015 earnings press release, which has been furnished to the SEC on Form 8-K and is available on the Investor Relations section of Rovi's webpage, at The live webcast of this conference call is available in the Investor Relations section of Rovi's webpage, and a replay of the audio webcast will be available on the website shortly after this webcast ends, and will remain on the website until our next quarterly earnings call.

Now, I would like to turn the call over to our CEO, Tom Carson.

Thomas Carson

Thank you, Peter. Good afternoon everyone and thank you for joining our Q4 earnings call. I will start the call by discussing Rovi's accomplishments in the fourth quarter and the year. Then Peter Halt will review our results, I will then discuss our estimates and goals for 2016, then